Javier Milei just DESTROYED the memecoin market:
Hours ago, Argentinian President Milei launched a memecoin, $LIBRA, for "the growth of their economy."
Within 5 hours, over -$4.4 BILLION of market cap was erased.
Discussion
I really hope people realizes that these meme coins are just donations.
The way it works is everyone (unless they're retarded) is in on it.
They fully know this is a rug pull.
They just want to get in and get out before it collapses...
Yes the scale is impressive, but this has been going on in meme coin and shit coin land for ages.
Wherever there's a pump and dump being deployed, there are savvy shitcoiners reading the tea leaves trying to time it without getting rekt, knowing full well what's coming.
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqq35eqc6rvdeejcwn47j0cgjp6mmxttx3yj3rlsvf43cy6a8y6zfqg6ctsv Another day, another way to launder money.